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Credit Card

For Balance Transfers

27 months* interest free on balance transfers

Stop paying interest on other credit card balances - transfer them over to us. You won't pay a penny in interest for the next 27 months* (2.29% fee, min £5), which could help you clear your commitments faster.

£30 cashback when you spend or transfer at least £500 with a first direct Credit Card†

Representative example

Example credit limit:

£1,200

Representative APR:

18.9% APR variable

Purchase rate:

18.9% p.a.

Transferring balances is easy

Once you've received your card, log on to Internet Banking opens a new window and select 'Service request' and choose 'Balance transfer' from the left hand menu. Or call us any time, night or day on 03 456 100 100 - transfer requests received after 3.30pm or on a weekend or bank holiday will be processed the next working day, and it can take up to five working days for the money to reach your other credit or store card provider.

*The rate for balance transfers is 0% interest for 27 months when you make a balance transfer within three months of opening your account. After 27 months the rate for the transferred balance will change to the standard variable rate that applies at the time.

A Balance Transfer fee of 2.29% (min £5) will be charged for each transferred balance made within three months of opening your account. After three months, this fee will be at the full rate.

Sorry - we can't transfer balances between cards operated by members of the HSBC Group, including HSBC Bank plc, its subsidiaries, associated and affiliated companies. These include Marks & Spencer Financial Services plc and John Lewis Financial Services Limited.

Our Credit Card in detail

Here are the things you need to know before you can decide if our Credit Card is right for you.

The representative APR is 18.9% APR variable

Based on an example credit limit of £1,200, our 18.9% rate p.a. for purchases gives a representative rate of 18.9% APR variable.

Other interest rates apply

Unless we specifically tell you interest rates are fixed, you should assume they're variable.

Introductory rate

Monthly rate

Annual rate

Purchases

n/aIntroductory rate

1.456%Monthly rate

18.9%Annual rate

Cash Advances

n/aIntroductory rate

1.866%Monthly rate

24.7%Annual rate

Balance Transfers

0% on balance transfers made within 90 days of account opening for 27 months from the date of transferIntroductory rate

1.456%Monthly rate

18.9%Annual rate

Interest free period

Up to 56 days' for purchases when you pay your balance in full every month by the due date.

Interest charging information

You will not pay interest on purchases if you pay your balance in full and on time each month. Otherwise, the period over which interest is charged will be as follows:

Purchases, balance transfers, cash advances and cash related payments

From: Date debited to your account

Until: Paid in full

Allocation of payments

If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order;

any unpaid arrears or amounts over the credit limit;

the amount you owe us and shown in your statement;

any transactions, interest or charges not yet included in a statement.

We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower rates. In each case, interest and charges are paid off first. If some amounts are charged at the same interest rate, we will apply your payment to the oldest amount first.

Minimum repayment

The minimum payment will be the higher of;

The sum of

interest for the period from the last statement

any default charges, and

1% of the full amount you owe as shown on your monthly statement (not including interest and default charges)

3% of the full amount you owe as shown in your monthly statement (including interest and charges)

What you can expect to pay

We all know it makes financial sense to pay more than the minimum payment whenever possible. Take a look at the example below (which includes introductory rates*), for a hypothetical purchase of £1,000 on your Credit Card. If you only make the minimum payment each month, it will take you much longer to clear your balance and will cost you more.

Minimum payment each month

£50 payment each month

£100 payment each month

Interest you'd pay in the 1st year

£148.35Minimum payment each month

£130.50£50 payment each month

£87.39£100 payment each month

Interest you'd pay in the 2nd year

£135.35Minimum payment each month

£59.50£50 payment each month

£0.00£100 payment each month

Length of time to clear the balance

13 years, 7 monthMinimum payment each month

2 years, 1 month£50 payment each month

12 months£100 payment each month

The above example makes a number of assumptions:

the transaction took place on first day of January

the credit card statement was produced 31 days later

no further transactions were made on the card

payments were made on the 15th day of every month

interest is calculated based on the representative 18.9% APR variable rate

introductory rates are included.

If you set up a recurring transaction (sometimes called a continuous payment authority), for a regular payment like this, it's seen as an agreement between you and the retailer - so, unfortunately, it won't be covered by the Direct Debit Guarantee.

How to apply for a Credit Card

Existing customers

Log on to Internet Banking, select 'Apply' and choose 'Credit cards' from the left hand menu.

If you know there are changes to your personal circumstances coming up - like maternity leave, a change in disposable income or a new job - or you are on a temporary or zero hours contract, please apply by telephone on 03 456 100 100.

This promotion is only available to first direct Current Account holders who haven't had a first direct Credit Card within the last six months. As you'd expect, credit is subject to status.

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